46 % of India Inc. Employees Concerned About Job Security For 2024 Says Report!

AmbitionBox, a platform for company reviews and salary insights, has conducted a comprehensive survey on the state of the workforce, revealing key trends and controversies that have shaped the year 2023. The survey also captures crucial insights into employee sentiments and expectations for the upcoming year, 2024.

The survey indicated that 81% of respondents were happy with the hybrid/remote work model this year. A substantial 52% of employees expressed a desire for the continuation of the same in 2024, underscoring a widespread reluctance to return to a conventional 5 or 6-day work week. Strikingly, 30% of respondents indicated a distinct preference for working entirely remotely.

This trend reflects a discernible shift in priorities with 45% of respondents anticipating a better work-life balance next year. More than half (53%) disagree with a 70-hour work week, with 66% asserting that 40-60 hours per week is ideal for productivity and well-being.

70% of respondents expressed confidence in their employer’s stability for 2024 in terms of the financial health of the organisation, consistent leadership, and a positive outlook for the organization’s future.

Interestingly, in stark contrast, 46% of respondents harbor significant concerns regarding their job security in the coming year.

Mayur Mundada, Founder and Business Head, AmbitionBox commented on the survey results, saying, "Understanding the trends and controversies that have shaped the HR landscape is crucial for both employers and employees. Addressing these insights as we move into 2024 can foster a more positive and collaborative work environment. By acknowledging and responding to the sentiments and expectations of the workforce, businesses have the opportunity to adapt and create a workplace that aligns with the evolving needs and priorities of their employees.”

Community Manager.